Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Recommendation of “Buy” from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.63.

GAMB has been the topic of several research reports. Benchmark began coverage on shares of Gambling.com Group in a research note on Wednesday, January 8th. They issued a “buy” rating and a $16.00 price target on the stock. Craig Hallum raised their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Macquarie increased their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Jefferies Financial Group boosted their price objective on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus raised their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GAMB. Global Retirement Partners LLC boosted its position in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the period. Hsbc Holdings PLC acquired a new position in Gambling.com Group during the second quarter worth $115,000. MetLife Investment Management LLC boosted its position in shares of Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after buying an additional 6,519 shares during the period. American Century Companies Inc. grew its stake in shares of Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after buying an additional 4,276 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Gambling.com Group by 138.4% in the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock valued at $148,000 after buying an additional 6,093 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Down 2.6 %

NASDAQ GAMB opened at $14.09 on Friday. Gambling.com Group has a one year low of $7.51 and a one year high of $16.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day moving average price of $14.06 and a 200 day moving average price of $11.39. The company has a market cap of $524.47 million, a P/E ratio of 18.06 and a beta of 1.00.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.